Yook OÜ, the parent company of YOOK Production AS — the first oat drink producer in the Baltic states — intends to carry out its first public bond offering this spring and has submitted an application for admission to trading of the bonds on the Nasdaq Tallinn First North Bond List.

The detailed terms of the bond offering, being prepared in cooperation with Redgate Capital, including the volume, interest rate and subscription period, are planned to be announced at the end of April. The public offering, aimed at retail and professional investors in the Baltic states, is expected to be completed during May 2026.

Through the bond programme, Yook OÜ aims to raise capital to fund the further scaling of oat drink production and to reach sustainable profitability.

YOOK Production AS has grown its revenue several times over during its first two years of operations: in 2025, sales revenue reached €1.5 million, which is 2.5 times more than the previous year. Production volumes grew 2.7 times during the same period, reaching 1.76 million litres, and revenue for the first quarter of 2026 already exceeded the same period of the previous year by 2.5 times.

In 2025, exports accounted for 44% of YOOK’s revenue, amounting to nearly €660,000. The company sells its products across more than ten international markets, including Finland, Norway, Turkey, Greece, Cyprus, the United Arab Emirates, and — as of 2026 — India and Romania. In spring 2025, YOOK became the best-selling oat drink brand in Estonian retail chains, surpassing all international competitors.

The maximum production capacity of YOOK’s factory in Türi, Järva County, is 20 million litres per year in a single shift, giving the company significant room for growth without major additional production investments.

“In its first two years of operations, YOOK has demonstrated that it is possible to build an internationally competitive food producer in the Baltic states. The planned offering gives investors the opportunity to participate in the company’s next phase of growth, which aims to reach maximum factory capacity utilisation and positive EBITDA in the first half of 2027,” said Katre Kõvask, CEO of YOOK Production AS.

YOOK Production AS, which began operations in spring 2024, is the first and only oat drink producer in the Baltic states. A total of more than €16 million has been invested in the company to date. YOOK Production AS is owned by its parent company Yook OÜ, whose largest shareholder is the investment company OÜ HansaAssets, belonging to entrepreneur Armin Karu. Yook OÜ owners also include companies owned by Martin Kangur, Mark Eikner and Paavo Pettai.

In addition to eight oat drinks sold under its own brand, the company has also offered oat yoghurts under the YOOKGURT brand since December 2025, and produces private label products for major Northern European retail chains, including Rema 1000 and Wihuri Metro Tukku, as well as for Carrefour and the File retail chain in Turkey.